Building Savings for Success: Early Impacts from the Assets for Independence Program Randomized Evaluation
Can incentivized savings programs that provide dollar-for-dollar matching funds help low- and moderate-income workers save?
On Wednesday, December 7, Prosperity Now and Urban Institute invited you to learn about recent research on the effectiveness of individual development accounts (IDAs) sponsored by the federal Assets for Independence (AFI) program.
IDAs help low-income families save by matching their personal savings for specific investments, such as a first home, business capitalization or higher education and training. The AFI program is a federally supported IDA grant program authorized under the Assets for Independence Act of 1998. This is the first evaluation of the AFI program to use a randomized controlled trial, the gold standard for measuring program effectiveness. Come learn about these new findings and how the AFI program affects savings and financial security!
- Greg Mills, Urban Institute
- Signe-Mary McKernan, Urban Institute
- Caroline Ratcliffe, Urban Institute
- Parker Cohen, Prosperity Now (moderator)